In a strategic move to address the growing need for efficient and cost-effective data management solutions, Tessell, a promising startup, has raised $60 million in a Series B funding round. The round was led by WestBridge Capital and includes other investors like B37 Ventures, Rocketship.vc, and existing backer Lightspeed Venture Partners. The funding will help Tessell expand its market presence and advance its AI-driven, multi-cloud database management service.
Solving the Pain Points of Legacy Data Solutions
For many companies, managing large volumes of data efficiently across multiple cloud providers remains a challenge. Traditional database systems are often inflexible and expensive, making them less suitable for modern enterprises needing scalable, high-performance solutions. This is where Tessell comes in, offering a platform designed to address these issues head-on.
Tessell provides a multi-cloud database-as-a-service that can operate across all major cloud providers: AWS, Google Cloud, Microsoft Azure, and Oracle Cloud. Its platform supports popular database engines like MySQL, PostgreSQL, Oracle, Microsoft SQL Server, and MongoDB, making it a versatile choice for businesses with diverse database needs.
Tessell’s Performance Edge: 10x Faster and Cost-Efficient
One of Tessell's standout features is its ability to deliver 10x the performance of traditional database services, with 64-73% cost savings over a three-year period. By utilizing NVMe infrastructure and eliminating the industry-standard input-output operations per second (IOPS) metering, Tessell achieves high IOPS and low latency while maintaining price predictability.
This high-performance architecture enables Tessell to offer zero-downtime migrations, ensuring that databases stay operational even if one cloud provider goes down. This makes it a compelling option for businesses looking for reliability and scalability without sacrificing performance.
The Role of AI in Tessell’s Database Management
Tessell isn’t just about enhanced database performance—it also integrates AI-powered features to simplify database management. The startup is working on a conversational database management service that leverages AI to make interacting with databases more intuitive. This AI-driven approach could significantly streamline database operations, making it easier for companies to manage complex data environments.
Global Expansion and R&D Investments
The $60 million funding round will also support Tessell’s ambitious plans to expand its reach beyond the U.S. and India. With strong customer traction in India, where two-thirds of its 40 customers are based, Tessell is looking to enter the European and Asia-Pacific markets. Furthermore, the company plans to invest heavily in research and development to enhance its services, including exploring analytics as a potential new revenue stream.
Tessell's CEO, Bala Kuchibhotla, who co-founded the startup after extensive experience at Oracle and Nutanix, sees great potential in integrating AI with database management systems. The funding will enable Tessell to continue innovating, ensuring it remains at the forefront of this rapidly evolving sector.
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